Page 66 - Policy Economic Report -August 2026

POLICY AND ECONOMIC
OIL & GAS MARKET

Alliance (ISA) and the International Renewable Energy Agency (IRENA), also participated in the
Summit.

India's BRICS Chair-ship in 2026 is guided by the overarching theme “Building for Resilience,
Innovation, Cooperation and Sustainability (BRICS)”. Within the Energy Track, India has adopted the
theme “????? ?? ??????” (Energy for All), reflecting its commitment to advancing universal, affordable
and inclusive energy access across BRICS.

The Summit placed youth at the centre of BRICS energy cooperation, recognizing their role as drivers
of innovation, entrepreneurship, technological advancement and international cooperation. The
discussions also emphasized the importance of strengthening collaboration among young
professionals, academia, government institutions and industry across BRICS countries.

The deliberations underscored the importance of translating youth engagement into practical
outcomes through joint research, technology demonstrations, knowledge exchange and capacity-
building initiatives. Under the three priority areas of (i) Energy Security and Sustainability, (ii) Energy
Access and Equity, and (iii) Technology and Innovation, more than 20 youth panellists shared country
perspectives and experiences on important topics, including diversification of the energy mix, resilient
energy supply chains, energy access and innovative financing, new and emerging technologies, and
digitalization of energy systems.

The discussions reflected broad convergence on the need for resilient and diversified energy systems,
affordable and inclusive energy access, and innovative and affordable financing to advance clean
energy deployment. Technological innovation and digitalization, supported by reliable energy data,
interoperability, cyber security and skilled human resources, were identified as important enablers of
efficient, flexible and resilient energy systems.

Youth representatives from India highlighted key national initiatives and achievements in energy
security, energy access, clean energy deployment and power-sector reforms, including the PM-
KUSUM, PM Surya Ghar, SHANTI Act, Revamped Distribution Sector Scheme (RDSS), and the India
Energy Stack (IES). They also shared India’s experience in diversifying the energy mix, strengthening
distribution infrastructure and advancing decentralized renewable energy and digitalization, while
highlighting the BRICS Digital Centre of Excellence (DCoE) on Smart Grids and Energy Storage as a
platform for knowledge exchange, capacity building and collaboration on smart grids, storage and grid
resilience.

The Eighth BRICS Youth Energy Summit 2026 reaffirmed the pivotal role of BRICS youth in advancing
energy cooperation and shaping solutions for a secure, sustainable, inclusive and future-ready energy
sector, in keeping with the vision of “Energy for All”.

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